San Luis Potosí’s automotive industry could hardly have asked for a worse start to 2017, but the state’s strengths have not changed, and optimism returned in a matter of weeks. Ford Motor’s withdrawal from San Luis Potosí in January 2017 meant the cancellation of a $1.6bn investment and the loss of up to 2800 jobs. However, the US company was...
The country has long been a global presence in the mining industry, but since 2012 falling commodity prices, coupled with increased royalty payments, have led to stagnation of both production and investment. In early 2017, however, the recovery of metals prices saw a rise in merger and acquisitions in the global mining industry, and a growing...
Contributing around 5% to the country’s total GDP in 2013, Mexico’s mining sector is among the top 10 world producers for at least 16 minerals. The country is the global leader in silver production and is the tenth-largest copper producer, according to the Mexican Mining Chamber (Cámara Minera de México, Camimex). With a wealth of natural...
With 11 international treaties with 46 countries, Mexico boasts commercial agreements with nearly every region in the world, making it one of the most globalised economies. This global connectedness has helped Mexican industry evolve immensely. Prior to the 1990s, the Mexican economy enjoyed relatively low dependence on non-oil exports to the...
The post-North American Free Trade Agreement ( NAFTA) manufacturing boom has been particularly attractive for the Mexican automotive industry. According to Eduardo Solis Sánchez, president of the Mexican Automotive Industry Association, Mexico will see a fifth consecutive year of increased motor vehicle output. The auto industry now brings in...
Since the early days of NAFTA, the Mexican manufacturing sector has evolved extensively. While the country once positioned itself as a destination for basic cross-border assembly operations for electronics and textiles, it is now developing a highly specialised manufacturing market. In the fourth quarter of 2014, manufacturing represented 17.5...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×